Gillette, WY Cost of Living

Gillette cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general summary of the cost of living index in Gillette, WY is shown above. Compared to the state average of Wyoming the cost of living index in Gillette, WY is 99, which is 3% higher than the average in Wyoming and compared to the national average it is 1% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Gillette, WY goods and services come in at equal to the average in Wyoming and are 10% lower than compared to the nationwide average.

Did you know?

The cost of living in Gillette is 3% higher than the Wyoming average.

The cost of living in Gillette is 1% lower than the national average.

The cost of housing in Gillette is 10% higher than the national average.

Wyoming general sales tax is 21% lower than the national average.

Wyoming state income tax is 100% lower than the national average.

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Compare Gillette, WY Cost of living To Other Cities

Salary Calculator

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Gillette, WY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Gillette, WY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Gillette, WY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$89,016

$7,418

$2,077

$2,671

Renters

$44,102

$3,675

$1,029

$1,323

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gillette, WY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Gillette, WY homeowners, is $89,016. This would allow for a maximum of $2,077 per month to be spent on housing costs. For renters, the median monthly income is $44,102 which would result in a maximum of $1,029 to be spent on rental costs.

Wyoming Sales Tax

State

General Sales Tax

With Max Surtax

Wyoming

4%

6%

Wyoming Income Tax

State

Income Tax (Low)

Income Tax (High)

Wyoming

0%

0%

When considering the overall cost of living expenses in Gillette, WY, it's important to take into account the sales tax for Wyoming, as well as the rate for income tax in Wyoming. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wyoming is 6%, and the sales tax in the state of Wyoming is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wyoming starts from 0% and goes up to 0%.

Goods & Services

Item

Gillette

National avg.

Difference

Haircut

$14.00

$15.56

10.1%

Beauty Salon

$28.87

$36.11

20.1%

Toothpaste

$2.53

$2.47

2.2%

Shampoo

$0.86

$0.96

10.5%

Movie

$9.16

$10.13

9.6%

Bowling

$3.25

$4.74

31.4%

Groceries

Item

Gillette

National avg.

Difference

Ground Beef

$3.85

$3.98

3.5%

Fried Chicken

$1.22

$1.41

13.5%

Milk

$2.17

$2.06

5.0%

Potatoes

$1.93

$2.98

35.2%

Pizza

$10.00

$9.47

5.6%

Beer

$8.56

$8.79

2.6%

Health Care

Item

Gillette

National avg.

Difference

Optometrist

$134.42

$101.04

33.0%

Doctor

$102.85

$107.44

4.3%

Dentist

$86.67

$90.42

4.1%

Ibuprofen

$9.35

$9.28

0.8%

Lipitor

$420.52

$426.50

1.4%

Housing

Item

Gillette

National avg.

Difference

Home Price

$202,200.00

$175,700.00

15.1%

Avg. Mortgage Payment

$948.75

$1,133.23

16.3%

Apartment Rent

$913.00

$920.00

0.8%

Transportation

Item

Gillette

National avg.

Difference

Gasoline

$1.97

$1.99

1.0%

Tire Balancing

$48.56

$45.76

6.1%

Utilities

Item

Gillette

National avg.

Difference

All Electricity

$140.93

$163.81

14.0%

Phone

$33.10

$28.39

16.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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